2018/2/23

The Ministry of Land, Infrastructure, Transport and Tourism released the Trend Report of the Value of Intensively Used Land in Major Cities – Land Value LOOK Report – for the fourth quarter of 2017 (from Oct. 1 to Jan. 1, 2018).
 
1. Survey objective
To clarify leading land-value trends for intensively used districts in major cities, which tend to be leading indicators of property market trends, by ascertaining such trends on a quarterly basis.
 
2. Matters to be surveyed
Licensed Real Estate Appraisers (LREAs) collect information on the real-property markets of the surveyed districts, and estimate land-value trends by using real-property-appraisal methods. The results are to be aggregated by the Ministry of Land, Infrastructure, Transport and Tourism.
 
3. Surveyed districts
A total of 100 districts, including 43 districts in the Tokyo area, 25 districts in the Osaka area, 9 districts in the Nagoya area, and 23 districts in other major cities, are surveyed.
Residential districts comprise districts intensively used for high-rise apartments, etc. (32 districts).
Commercial districts comprise districts where shops and/or offices are intensively concentrated (68 districts).
 
4. Survey results
Among the 100 surveyed districts, the following trends in land value are found during the fourth quarter of 2017 (from Oct. 1 to Jan. 1, 2018) [numbers in the precious survey in square brackets] :

• land value increased in 89 [86] districts, stayed flat in 11 [14] distrcts and declined in 0 [0] district.
• Increase in change rates from 0-3% category to 3-6% category in “Shibuya”and“Omotesando”districts (Tokyo Ward), “Yokohama Station,West Exit”district(Yokohama City), “Fushimi”and“Kanayama” districts (Nagoya City), from ±0% category to 0-3% category in“Minamiaoyama”and“FutakoTamagawa” districts (Tokyo Ward), “Kagoshima Chuo Station” district (Kagoshima City), from 3-9% category to 0-3% category in“Miyanomori” district (Sapporo City).
   

 Detailed survery results is available at the following URL.
 （http://www.mlit.go.jp/en/totikensangyo/totikensangyo_fr4_000002.html）